With air travel costs high, many Americans are planning summer road trips. However, auto costs can be expensive, with national average gas prices close to $4 and record prices for cars and auto insurance premiums.
Strategies to Save
Current, a consumer fintech banking platform, shares expert tips to keep your summer road trip affordable. Be strategic about gas purchases by choosing a destination that’s not too distant and using services like GasBuddy to locate the best deals.
Avoid peak times by looking at off-peak travel, away from big holidays, preferably midweek. This can get you lower hotel prices and more affordable rental-car rates. Perform preventative maintenance on your car to avoid mechanical issues and expensive repairs.
Review your auto insurance coverage to trim monthly bills by comparison shopping, raising deductibles, or lowering the coverage limit. You can also bundle with other policies, like home, to lead to significant savings.
Additional Tips
Opt for regular gas instead of premium, if it’s recommended for your vehicle, and monitor your speed, as fuel economy peaks around 50 mph for most cars. Remove unnecessary weight from your trunk and take advantage of fuel rewards programs at your preferred chain.
By following these tips, you can save money on your summer road trip and make it more enjoyable.
Original reporting: KEYT (Ventura/Santa Barbara) — read the source article.
